PENSIONSEUROPE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PENSIONSEUROPE
Largest movements
- Cash -€47,850
down €47,850 (-11.8%), from €406,368 to €358,518
mainly Net result for the year (-€50,349) and Investment in fixed assets (net) (-€9,254)
- Profit (loss) carried forward -€50,349
down €50,349 (-5.3%), from €942,590 to €892,241
- Gross operating margin -€107,211
down €107,211 (-24.5%), from €437,980 to €330,769
- Purchases and services +€50,648
up €50,648 (+9.3%), from €546,375 to €597,023
- Staff costs +€14,425
up €14,425 (+4.1%), from €355,700 to €370,124
- Depreciation -€10,169
down €10,169 (-42.7%), from €23,836 to €13,667
- Taxes +€4,833
new in 2025: €4,833
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,005,533 | €946,976 | -€58,557 | -5.8% |
| Fixed assets | 21/28 | €60,809 | €56,397 | -€4,412 | -7.3% |
| Intangible fixed assets | 21 | €9,110 | €3,450 | -€5,660 | -62.1% |
| Tangible fixed assets | 22/27 | €30,999 | €27,560 | -€3,439 | -11.1% |
| Land and buildings | 22 | €816 | €612 | -€204 | -25.0% |
| Furniture and vehicles | 24 | €30,183 | €26,948 | -€3,235 | -10.7% |
| Financial fixed assets | 28 | €20,700 | €25,386 | +€4,686 | +22.6% |
| Current assets | 29/58 | €944,724 | €890,579 | -€54,144 | -5.7% |
| Amounts receivable within one year | 40/41 | €24,208 | €21,392 | -€2,816 | -11.6% |
| Trade receivables | 40 | €22,872 | €19,911 | -€2,961 | -12.9% |
| Other amounts receivable | 41 | €1,336 | €1,480 | +€145 | +10.8% |
| Current investments | 50/53 | €500,000 | €500,358 | +€358 | +0.1% |
| Cash at bank and in hand | 54/58 | €406,368 | €358,518 | -€47,850 | -11.8% |
| Deferred charges and accrued income | 490/1 | €14,148 | €10,312 | -€3,836 | -27.1% |
| Total equity and liabilities | 10/49 | €1,005,533 | €946,976 | -€58,557 | -5.8% |
| Equity | 10/15 | €942,590 | €892,241 | -€50,349 | -5.3% |
| Profit (loss) carried forward | 14 | €942,590 | €892,241 | -€50,349 | -5.3% |
| Amounts payable | 17/49 | €62,943 | €54,735 | -€8,208 | -13.0% |
| Amounts payable within one year | 42/48 | €57,308 | €48,667 | -€8,640 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,661 | €9,481 | -€5,180 | -35.3% |
| Suppliers | 440/4 | €14,661 | €9,481 | -€5,180 | -35.3% |
| Taxes, remuneration and social security | 45 | €42,517 | €39,056 | -€3,461 | -8.1% |
| Taxes | 450/3 | €1,324 | €1,304 | -€20 | -1.5% |
| Remuneration and social security | 454/9 | €41,193 | €37,752 | -€3,441 | -8.4% |
| Accrued charges and deferred income | 492/3 | €5,635 | €6,068 | +€433 | +7.7% |
| Membership fees, donations, legacies and grants | 73 | €981,554 | €927,045 | -€54,510 | -5.6% |
| Non-recurring operating income | 76A | €0 | €747 | +€747 | |
| Goods, raw materials, services and sundry goods | 60/61 | €546,375 | €597,023 | +€50,648 | +9.3% |
| Remuneration, social security and pensions | 62 | €355,700 | €370,124 | +€14,425 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,836 | €13,667 | -€10,169 | -42.7% |
| Other operating charges | 640/8 | €1,517 | €2,570 | +€1,052 | +69.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €437,980 | €330,769 | -€107,211 | -24.5% |
| Operating profit (loss) | 9901 | €56,927 | -€55,592 | -€112,519 | |
| Financial income | 75/76B | €6,051 | €10,272 | +€4,221 | +69.8% |
| Recurring financial income | 75 | €6,051 | €10,272 | +€4,221 | +69.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €200 | €195 | -€4 | -2.2% |
| Recurring financial charges | 65 | €200 | €195 | -€4 | -2.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €62,778 | -€45,516 | -€108,294 | |
| Income taxes | 67/77 | - | €4,833 | +€4,833 | |
| Profit (loss) for the period | 9904 | €62,778 | -€50,349 | -€113,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,778 | -€50,349 | -€113,127 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.